Tag: FDI in China

ARM Holdings which is essentially a chip design company is set to sign an agreement with southwestern Sichuan province. ARM Holdings is expected to invest more than $1.4 billion in the research and development project according to Xinhua news agency, China. Japan’s Softbank Group owns ARM Holdings and the new facility in China will be on a project site of More …

To reaffirm its commitment to the Chinese market, United Overseas Bank opened its new headquarters building in Shanghai being the first office building owned by a foreign bank in the Lujiazui Financial District. The UOB Plaza is in the Lujiazui Financial District – China’s largest financial hub that drives Shanghai’s development as an international financial center. According to UOB’s deputy More …

A major global player in the shipping industry, China Navigation Company (CNCo), is a wholly owned subsidiary of the Swire Group. Although, CNCo was founded in Shanghai 147 years ago, it was later acquired by Swire Group and is now returning to its birthplace as a new China headquarters. CNCo operates in Australia, China, PNG, Fiji, India, New Zealand and More …

US based Walmart and China based JD.com are set to invest $500 million in Chinese online grocery delivery company Dada-JD Daojia, the company formed through the merger between JD Daojia and Dada Nexus. JD Daojia is JD.com’s online to offline business while Dada Nexus is a large crowd sourcing delivery platform in China which has operations in more than 400 More …

Signing agreements with Chinese authorities, US based Tesla’s Chief Executive Elon Musk is set to open a China car factory in the city of Shanghai. Giving access to the biggest car market in the world, the China factory is expected to have an annual capacity of 500,000 cars. Having a production unit is particularly beneficial in China as tariff in More …

SEAT is teaming up with Volkswagen Group China and Anhui Jinghuai Automobile Group Corp, Ltd (JAC) in China. SEAT signing of the Memorandum of Understanding and becomes a shareholder of JAC Volkswagen which will also include the introduction of the SEAT brand in the Chinese market targeting 2020-2021. SEAT will also actively participate in the creation of an R&D center More …

Due to surge in local demand, Israel based IncrediBuild Software is set to open office in Chengdu, China. This is the second expansion of IncrediBuild into Asia followed by its expansion in Japan in 2016. Empowering 150000 global users to release faster, by accelerating compilations, testing and any other development process, IncrediBuild customers in China include the country’s largest telecom More …

To seek a competitive edge in producing battery- powered, autonomous vehicles, Volkswagen AG is set to invest $18 billion in China over the next five years. According to Chief Executive Officer of VW, Herbert Diess who recently replaced previous VW CEO Matthias Mueller: “We need to speed up. Change is getting faster, more dynamic and more ambitious, especially here in More …